I am trying to enter my K-1 line 20 with code Z = STMT. On STMT, there are a few different properties with each having two lines 1. rental income (loss) and 2. unadjusted basis of assets. Am I to add all of these values up for the final value of code Z?
I did try to enter all the information on the smart worksheet but at the end of federal review it told me I had not entered a value for code Z.
Please advise.
